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GrubHub (GRUB) Is 'Crushing It,' CEO Maloney Says

NEW YORK (TheStreet) --Shares of food delivery service provider GrubHub (GRUB) are declining by 11.27% to $38.50 on heavy trading volume on Wednesday afternoon, despite the company reporting better than expected third quarter results.

GrubHub's adjusted earnings of 23 cents per share beat expectations by four cents. Revenue of $123.5 million soared above forecasts of $118.5 million for the quarter.

The company's founder and CEO Matt Maloney appeared on this afternoon's "Bloomberg Markets: Americas" to discuss the latest earnings performance and what to expect from...